Thiel Fund Backs $49 Million Bet on Bulgaria’s EnduroSat

Founder Fund Backs 'Future TSMC of Bulgaria'

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By Edward Ludlow

May 27, 2025 at 9:00 AM UTC

Updated on

May 27, 2025 at 5:46 PM UTC

Peter Thiel’s Founders Fund is adding to its space portfolio by leading a €43 million ($49 million) investment in EnduroSat, a Bulgarian manufacturer of satellites.

The startup, based in Bulgaria’s capital of Sofia, will use the money to increase next-generation satellite production and open a new manufacturing facility, according to a statement from EnduroSat.